Leader in digital payments Visa, fintech startup Froda, and Nordic digital bank Lunar have announced a global partnership to launch a brand-new lending solution that utilizes push-payment functionality for financing, enabling small businesses access funding within seconds. This innovative solution will introduce a new level of convenience and efficiency in the world of business lending for SMEs by offering entrepreneurs easy access to financing and instant payouts. Because of Visa’s presence in more than 200 countries, the product is globally scalable and will be provided to both neobanks and incumbent banks across multiple markets. And it will ensure a consistent experience regardless of the market.
